Wuxi Bank shareholders Xingda Nylon and Shenwei Chemical plan to cut up to 1.96% stake, about 43.1 million

Wuxi Bank announced on August 5 that shareholder Xingda Nylon plans to reduce its holdings in the bank through block trades, totaling no more than 3.52 million shares, or no more than 0.16% of the bank's total share capital. Shareholder Shenwei Chemical plans to reduce its holdings through block trades, totaling no more than 39.5812 million shares, or no more than 1.8% of total share capital. Xingda Nylon and Shenwei Chemical are parties acting in concert, and together they plan to reduce their combined holdings by no more than 1.96% of the bank's total share capital.